A country that becomes a member of the World Trade Organization agrees
To bind its tariffs."Binding" means that the country agrees not to increase
Existing tariffs and that it will not introduce new tariffs.However, GATT
Allows three exceptions to binding.Which of the following is NOT an
Exception to binding?

Question

Quizplus · Accepted Answer

The exceptions to binding tariffs allowed under GATT are antidumping duties against dumped imports, countervailing duties against subsidized imports, and safeguard or escape clause tariffs. Tariff reductions negotiated in free-trade areas are not an exception to binding tariffs, as such reductions are negotiated and agreed upon by the participating countries.

A Country That Becomes a Member of the World Trade